512-514 North Spaulding Ave, Los Angeles

Great 8-unit building with huge rental upside within a few blocks of The Grove, Pan Pacific Park, Television City and some of the trendiest boutique shops, restaurants, theatres and cafes along Melrose Avenue, earning this property a walk Walker’s Paradise score of 94. The walkable stretch of North Fairfax Avenue between Melrose Ave and Beverly Blvd – where the property is located - has emerged over the past few years as one of the most vibrant centers of shopping and dining in the city. It also sits within close proximity to landmarks such as the LA County Museum of Art and La Brea Tar Pits. 512 - 514 North Spaulding has a great unit mix and it offers an investor great rental upside and one of the most highly coveted rental markets in the city.Three one-bedroom units will be delivered vacant at closing.

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Offered at $2,050,000 | 5.28% CAP | 11.38 GRM